Dish /Direct Merger Hits A Roadblock

[scottcorinna]

Not so fast on the merger.

DirecTV/Dish merger has a problem as debt holders object to $1.6 billion loss

Debt holders oppose $1.6 billion value reduction, throwing wrench into TV merger.

arstechnica.com

 

[John2021]

direct should just ride the storm out and let dish go broke then buy everything for pennies on the dollar

 

[Scott Greczkowski]

DISH had a conference call yesterday... From what was reported to me by a number of folks who were on the call DISH already got their money for this deal.

I reported what was told me to me by the participants in this post.

Looks like It’s official Directv Buying Dish

‪‬If it was my guess, I would think Charlie would be the winner of the actual war while the battle for $1 may be lost now as whatever Charlie has left, he will basically let the blood draining be a casualty of the new owner of DISH while he will try to get Boost growing and if successful, he...

www.satelliteguys.us

 

[scottcorinna]

DISH had a conference call yesterday... From what was reported to me by a number of folks who were on the call DISH already got their money for this deal.

I reported what was told me to me by the participants in this post.

Looks like It’s official Directv Buying Dish

‪‬If it was my guess, I would think Charlie would be the winner of the actual war while the battle for $1 may be lost now as whatever Charlie has left, he will basically let the blood draining be a casualty of the new owner of DISH while he will try to get Boost growing and if successful, he...

www.satelliteguys.us

I wonder if any of the debt holders were on the call? Holding 1.6b in debt would warrant a seat at the table.
Any way you look at this it'll be a while before this goes through.

 

[bookworm370]

I admit I quickly read it, but it said the debt holders would take a 1.6B loss.
Um
Didn't Direct TV buy Dish for $1 PLUS assuming all the debt?
So what loss? It's now Direct TV that owes them. Same debt!